Profile:Strategic financial and global business leader with deep technical skills and a professional background in Insurance and Financial Services. A trusted advisor to business leadership on complex business issues and a sought after resource to take ownership of the resolution of challenging business situations. Strong leadership skills, work ethic and attention to detail leading to a culture of transparency, collaboration, empowerment and accountability. Proven ability to build, mentor, motivate and manage high performing cross-functional teams of professionals. Innovative & entrepreneurial mindset while acting as a change agent who can diplomatically challenge the status quo and partner with other business stakeholders to transform an organization into a culture focused on continuous improvement, growth and profitability.Professional Skills:• US GAAP, IFRS, management, US SEC and regulatory reporting• Leading and transforming accounting operations • Accounting policy and procedures including cost effective internal controls• ERP solution design and implementation (SAP and PeopleSoft) - delivered on time and on budget• Financial planning and analysis including capital attribution and regulatory models• Transformation initiatives incorporating technology automation, robotics, natural language processing, and artificial intelligence• Cost optimization - business process simplification/elimination and in/outsourcing • M&A due diligence and integration of operations including target operating model design and talent assessment• Leadership and operating experience in Finance, Claims, Actuarial, Technology, and Operations • Business intelligence strategy and implementation – data development, report visualizations, and governance (Power BI, Microstrategy, & Qlik)• Performance management – Key Performance Indicators benchmarking, analytics, financial modeling and profitability analysis• Strong communication and presentation skills to Senior Leadership and Board Members• Business vision and strategy - creation and implementation
-
Senior Vice President And Chief Financial Officer Global ClaimsAxa Xl Jan 2014 - Mar 2024Hamilton, Bermuda, BmLead all Claim actuarial and financial issues, business decision support, and business intelligence (staff of 6). Strategic Claims business partner with Operations, Underwriting and Technology (LAE $8b). • Thought partner in the development of the Claims strategy and business case to address gaps in Claims technical capabilities and operations while reducing the loss adjustment expense ratio by 1%. • Led the development and implementation of the Claims business intelligence strategy. Devised report visualizations, data creation model and governance standards. Built oversight process to monitor business strategy progress, KPI’s and performance metrics.• Facilitated design and implementation of a staffing model to ensure appropriate and consistent resourcing while maintaining focus on cost.• Partnered with IT to develop and launch a strategy to utilize technology automation and natural language processing to increase Claim handling operating efficiencies and effectiveness.• Key M&A team member - acquisition integration, synergy identification and target operating model design • Launched strategy to rapidly expand use of low cost shared services Claims capabilities while maintaining operational effectiveness – annual operating expense savings of $25m. • Created the Global Claim Vendor Governance and Performance Management function. Spearheaded savings strategy that reduced annual loss adjustment expense by $55m. -
Senior Vice President And Deputy Corporate ControllerAxa Xl Jun 2012 - Dec 2013Hamilton, Bermuda, BmAssumed leadership for the holding company close, US SEC/GAAP financial reporting and analysis (GWP $10b) and responsibility of the US GAAP controller operations, while keeping existing Insurance Segment Controller function. (Staff of 27)• Worked closely with Group CFO and Controller to resolve accounting & SEC financial reporting issues. • Developed and implemented new financial reporting framework to match new business operating model. • Identified and removed ineffective or redundant business processes (10%); while improving the quality of financial reporting and analysis.
-
Senior Vice President And Insurance Segment ControllerAxa Xl Jan 2010 - Jun 2012Hamilton, Bermuda, BmLed the financial close and GAAP/SEC financial reporting and analysis for the Insurance Segment (GWP $6b). • Launched a consolidated variance analysis of the financial results, management reporting, metrics, cash flow & balance sheet activity.• Partnered with IT on capability enhancements to core financial systems.• Implemented business process improvements to reduce quarterly close timeframe by two weeks. • Devised a consistent and cost effective internal control framework across all local and segment Finance teams to comply with Section 404 of Sarbanes Oxley and AXA XL internal control standards.
-
Senior Vice President Of FinanceAxa Xl Jan 2006 - Dec 2009Hamilton, Bermuda, BmLed the accounting and financial operations (staff of 25) for nine operating business units of AXA XL’s Insurance segment (GWP $1b). • Coached and mentored a highly fragmented finance management group into a highly collaborative and successful team. • Established a finance operating model that leveraged operational excellence and business partnering. • Led team to implement a PeopleSoft general ledger version upgrade including data expansion, processing consistency and business intelligence enhancements. Designed and implemented new centralized user front end to consistently validate and process journal entries to the ledger and data warehouse. Launched several new centers of excellence to handle work associated with the new operating model including data error handling, interface processing, and report development – leading to annual operating expense savings of $6m. Implemented new reporting solution to leverage the new robust data structure.
-
Vice President And ControllerAig Nov 2002 - Dec 2006New York, Ny, UsLed the accounting and financial operations (staff of 35) including the financial close, GAAP and regulatory financial reporting, annual budget, treasury function, business analytics, and internal controls of the AIG US Personal Lines Division (GWP $4b). • Facilitated the implementation of a consolidated SAP general ledger and data warehouse solution: Incorporated enhancements for capital attribution, expense allocation, and pooling. Identified and implemented business process modifications as a result of the new solution. • Integrated the accounting and financial operations of a significant acquisition in less than six months.• Devised financial model that allocated the division’s income and capital based on S&P CAR model. • Developed and implemented a consolidated budgeting and forecasting function. • Streamlined monthly close process by 33% while providing more timely and accurate information.• Led the consolidation of several accounting and financial reporting operations to one location at an estimated annual savings of $5 million.
David Berkowitz Education Details
-
Drexel UniversityAccounting And Finance
Frequently Asked Questions about David Berkowitz
What is David Berkowitz's role at the current company?
David Berkowitz's current role is Innovative Insurance Finance Leader | Driving Growth with Data-Driven Strategies | Technology Advocate & Efficiency Champion | Problem Solver for Financial Excellence.
What schools did David Berkowitz attend?
David Berkowitz attended Drexel University.
Free Chrome Extension
Find emails, phones & company data instantly
Aero Online
Your AI prospecting assistant
Select data to include:
0 records × $0.02 per record
Download 750 million emails and 100 million phone numbers
Access emails and phone numbers of over 750 million business users. Instantly download verified profiles using 20+ filters, including location, job title, company, function, and industry.
Start your free trial